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Projected electricity costs in international nuclear power markets

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  • Rothwell, Geoffrey

Abstract

The nuclear power industries in member countries of the Organisation for Economic Cooperation and Development (OECD) have lost global nuclear market share to Russian and Chinese firms. A recent OECD report claims, under restrictive assumptions, that (1) nuclear power units using OECD member country technologies are competitive with those using Russian and Chinese technologies, and (2) nuclear power has lower expected average costs than coal (with carbon dioxide taxes) and renewables. OECD based firms are hoping to catch up to Russia and China with Small Modular Reactors and advanced nuclear technologies. But unless OECD member governments and utilities are willing to invest hundreds of billions of dollars in financing their nuclear industries’ projects, it will be difficult to stop Russian and/or Chinese dominance of the global nuclear industry after 2030.

Suggested Citation

  • Rothwell, Geoffrey, 2022. "Projected electricity costs in international nuclear power markets," Energy Policy, Elsevier, vol. 164(C).
    • Handle: RePEc:eee:enepol:v:164:y:2022:i:c:s0301421522001306
    DOI: 10.1016/j.enpol.2022.112905
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    References listed on IDEAS

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    1. Ben Wealer & Simon Bauer & Nicolas Landry & Hannah Seiß & Christian von Hirschhausen, 2018. "Nuclear Power Reactors Worldwide – Technology Developments, Diffusion Patterns, and Country-by-Country Analysis of Implementation (1951-2017)," Data Documentation 93, DIW Berlin, German Institute for Economic Research.
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    5. Budnitz, Robert J. & Rogner, H-Holger & Shihab-Eldin, Adnan, 2018. "Expansion of nuclear power technology to new countries – SMRs, safety culture issues, and the need for an improved international safety regime," Energy Policy, Elsevier, vol. 119(C), pages 535-544.
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    Cited by:

    1. Jānis Krūmiņš & Māris Kļaviņš, 2023. "Investigating the Potential of Nuclear Energy in Achieving a Carbon-Free Energy Future," Energies, MDPI, vol. 16(9), pages 1-31, April.
    2. Xiang, Pianpian & Jiang, Kejun & Wang, Jiachen & He, Chenmin & Chen, Sha & Jiang, Weiyi, 2024. "Evaluation of LCOH of conventional technology, energy storage coupled solar PV electrolysis, and HTGR in China," Applied Energy, Elsevier, vol. 353(PA).
    3. Steigerwald, Björn & Weibezahn, Jens & Slowik, Martin & von Hirschhausen, Christian, 2023. "Uncertainties in estimating production costs of future nuclear technologies: A model-based analysis of small modular reactors," Energy, Elsevier, vol. 281(C).

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